U.S. Bancorp Target of Unusually Large Options Trading (USB)
Shares of U.S. Bancorp (NYSE:USB) saw some unusual options trading on Monday. Traders acquired 18,560 call options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 366% compared to the average volume of 3,984 call options.
USB has been the subject of a number of recent research reports. Analysts at Robert W. Baird downgraded shares of U.S. Bancorp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $44.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of U.S. Bancorp in a research note on Thursday, June 19th. They now have a $44.00 price target on the stock, up previously from $42.50. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of U.S. Bancorp from $42.00 to $44.00 in a research note on Monday, June 9th. They now have a “market perform” rating on the stock. Seventeen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of “Hold” and a consensus price target of $43.46.
Shares of U.S. Bancorp (NYSE:USB) traded down 0.25% during mid-day trading on Monday, hitting $43.48. 4,311,660 shares of the company’s stock traded hands. U.S. Bancorp has a one year low of $35.69 and a one year high of $43.92. The stock has a 50-day moving average of $42.58 and a 200-day moving average of $41.36. The company has a market cap of $78.923 billion and a P/E ratio of 14.53.
U.S. Bancorp (NYSE:USB) last released its earnings data on Wednesday, April 16th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.73. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that U.S. Bancorp will post $3.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, June 26th. This is a boost from U.S. Bancorp’s previous quarterly dividend of $0.23.
U.S. Bancorp (NYSE:USB) is a multi-state financial services holding company.
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